Meeting documents
Cabinet
Tuesday, 15th February, 2011
Treasury Strategy 2011/12
Cabinet recommend that council:-
a) Approve the Treasury Strategy for 2011/2012.
b) Approve the Prudential Indicators, set out in Appendix 1, in accordance with the Local Government Act 2003.
c) Approve the Investment Strategy, set out in Appendix 2 in accordance with the DCLG Guidance on Local Government Investments.
d) Approve the Minimum Revenue Provision (MRP) Policy Statement, set out in Appendix 3.
e) Authorise the Section 151 Officer to exercise the borrowing powers contained in Section 3 of the Local Government Act 2003 and to manage the Council’s debt portfolio in accordance with the Treasury Strategy.
f) Authorise the Section 151 Officer to use Foreign Banks which meet Sector’s creditworthiness policy and Money Market Funds again if required when money markets stabilise.
g) Note the proposed Prudential Indicators would enable the Authority to use the equivalent of up to 3% of Council Tax in 2011/12 or future years, to fund borrowing under the Prudential Code should the Council decide to do so.
As per the recommendations above.
SUMMARY
The report proposed the Treasury Strategy for 2011/2012 and recommended Prudential Indicators for 2011/12 to 2013/14.
Graham Chidlow - Cabinet
Recommendations:
Cabinet recommend that council:-
a) Approve the Treasury Strategy for 2011/2012.
b) Approve the Prudential Indicators, set out in Appendix 1, in accordance with the Local Government Act 2003.
c) Approve the Investment Strategy, set out in Appendix 2 in accordance with the DCLG Guidance on Local Government Investments.
d) Approve the Minimum Revenue Provision (MRP) Policy Statement, set out in Appendix 3.
e) Authorise the Section 151 Officer to exercise the borrowing powers contained in Section 3 of the Local Government Act 2003 and to manage the Council’s debt portfolio in accordance with the Treasury Strategy.
f) Authorise the Section 151 Officer to use Foreign Banks which meet Sector’s creditworthiness policy and Money Market Funds again if required when money markets stabilise.
g) Note the proposed Prudential Indicators would enable the Authority to use the equivalent of up to 3% of Council Tax in 2011/12 or future years, to fund borrowing under the Prudential Code should the Council decide to do so.
Decisions reached:
As per the recommendations above.
Directorate Officer is Graham Chidlow
Tel: (01743) 252072
Committee Officer is Penny Chamberlain
Tel: 01743 252729 Fax: 01743 252713
Email: Penny Chamberlain/EXTERNAL/SHROPSHIRE-CC
Attached items/documents:
- 10 Treasury Strategy 2011 to 2012 Report.pdf
- Estimated download time: 30 secs @ 56k | 102kb
- 10 Appendix 1 Prudential Indicators.pdf
- Estimated download time: 6 secs @ 56k | 20kb
- 10 Appendix 2 Annual Investment Strategy.pdf
- Estimated download time: 12 secs @ 56k | 40kb
- 10 Appendix 2A Local Govt Investments Specified.pdf
- Estimated download time: 10 secs @ 56k | 34kb
- 10 Appendix 3 Minimum Revenue Provision Statement.pdf
- Estimated download time: 9 secs @ 56k | 32kb